Richard Batchelor from Geoheritage Fife, which has been awarded a £5,000 grant as part of the project, told the BBC: "The trackway is in a precarious situation, having been exposed for years to weathering. The rock in which it occurs is in danger of falling off altogether.

"Removing it and housing it in a museum would be prohibitively costly but moulding it in silicone rubber and making copies for educational and research purposes means that we can still see and research this huge creature's tracks in years to come."

The animal, which is related to modern-day scorpions and horseshoe crabs, was about two metres long and about one metre wide.

The trackway, which is preserved in sandstone, consists of three rows of crescent shaped footprints on each side of a central groove.

The groove was made by the tail of the animal as it dragged over the sand.

This contrasts previous fossil evidence which suggested that the creatures lived in the water for most, if not all of the time.

SNH geologist Colin MacFadyen said: "Helping to conserve this important find is vital for our understanding of this period in evolution.

"Such finds as this highlight that all over Scotland there are no doubt other geological treasures awaiting discovery."

The exact location is being kept secret to prevent the remains from being damaged by sightseers